In February, FOB prices for bulk ordinary Portland cement decreased slightly month on month in the Persian Gulf and Arabian Sea region, while prices for prompt deliveries of bulk ordinary grade clinker also recorded a slim contraction.
In the same period, East African CFR prices for bagged cement suffered a slight fall when compared to the previous month.
According to Ana Almeida, Analyst with the CW Group’s European team: "Expectations for higher levels of exports coming from Saudi Arabia are likely to bring some relief to the country's stockpile. For the moment, however, the region continues to struggle with that matter."
CW Research’s February update to Persian Gulf – Arabian Sea and East Africa Cement and Clinker price assessment report covers the latest news in the region’s trading situation.
The monthly report also includes details about shipping indices for dry bulk tendency and its reasons, as well as the latest trend in the bunker oil futures.
CW Research’s leading role in the global cement and clinker sector forms the underpinning for the monthly price assessment. Price points are based on the analyst team’s on-going discussions with cement traders, producers, exporters and other stakeholders in the business and reflect a synthesis of actual traded cargos.